Cory4rex

GBPZAR Outlook

OANDA:GBPZAR   GBP/ZAR
Strong on all time frames within this recent down trend. Looking for a long term buy on this pair at potentially 1 of 2 different level, the first zone and more recent between 18.15590 - 18.19661and the second zone between 18.02835-18.11248. The trend line imply a continuation to the downside until we reach these levels. Also, we may see pullbacks continue to pus up to the following minor levels 18.35810-18.36895 or 18.41100-18.44628. I think we get a break of the trend lines but it eventually become support until we get our big move to the upside. Looking for rejection for both buy and sell opportunities at each of the levels.
Trade closed: stop reached: Stop reached in profit